How the Fed Wound Up at Jackson Hole

Economists and central bankers gather annually at Jackson Hole for discussions, not luxury. The event focuses on the implications of economic policies rather than the accommodations. Policymakers' comments, especially from the Fed chairman, significantly impact markets. The conference's history traces back to Paul Volcker, who was drawn by the fishing opportunities. This year, there's speculation on whether current Fed Chair Jay Powell will prioritize fighting inflation like Volcker, potentially affecting stock markets.

What historical significance does Paul Volcker have in relation to the conference?

What concerns do financial markets have regarding the current Fed Chair Jay Powell?